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Alliance Grain Traders Income Fund completes public offering for US$99.4 million

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Alliance Grain Traders Income Fund

On July 21, 2009, Alliance Grain Traders Income Fund completed a public offering of 6,118,840 subscription receipts at a price of $16.25 per subscription receipt for gross proceeds of $99,431,150. The net proceeds from the sale of the subscription receipts will be used, subsequent to satisfaction or waiver of applicable closing conditions, to satisfy a portion of the $104 million purchase price for the proposed acquisition of the Arbel Group of Companies by the Fund's wholly-owned subsidiary Alliance Grain Traders Inc. The offering was made through a syndicate of underwriters led by Genuity Capital Markets and including Wellington West Capital Markets Inc., Macquarie Capital Markets Canada Ltd., and GMP Securities L.P. Alliance Grain Traders Income Fund is an income trust which derives its income from the operations of its operating subsidiary, Alliance Pulse Processors Inc. Alliance, on its own and through its subsidiaries, is engaged in the business of sourcing and processing (cleaning, splitting, sorting and bagging) specialty crops, primarily for export markets. Alliance and its subsidiaries in Canada, U.S. and Australia handle the full range of pulses and specialty crops including lentils, peas, chickpeas, beans and canary seed through eight processing plants. The Arbel Group of Companies is a leading processor of pulses and grains and a leading exporter of pulses and pasta in Turkey. Fasken Martineau acted as counsel for Alliance Grain, with a team that included Gary Fogler, Bozidar Crnatovic, Daye Kaba and Jesse Langdon (corporate and securities); and William Bies and Mitchell Thaw (tax).



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